Tesla (
TSLA) is currently trading within a bullish pennant formation on the daily timeframe — and this one is textbook.
It entered the pennant from lower prices, forming a clear flagpole. Since then, price has been compressing between:
📉 Two descending resistance levels → Lower highs
📈 Two ascending support levels → Higher lows
This symmetrical tightening creates a classic bullish continuation setup — if the breakout confirms. Also found support at horizontal level of support/resistance $229.
What I’m watching:
⇒ Break above pennant resistance with volume
⇒ Reaction to any macro or Tesla-specific news during this compression (earnings July 23)
TSLA has a habit of explosive moves after consolidation. Keep this one on high alert.
#TSLA #Tesla #technicalanalysis #bullishpennant #tradingview #DisciplineTrading
TSLA) is currently trading within a bullish pennant formation on the daily timeframe — and this one is textbook.It entered the pennant from lower prices, forming a clear flagpole. Since then, price has been compressing between:
📉 Two descending resistance levels → Lower highs
📈 Two ascending support levels → Higher lows
This symmetrical tightening creates a classic bullish continuation setup — if the breakout confirms. Also found support at horizontal level of support/resistance $229.
What I’m watching:
⇒ Break above pennant resistance with volume
⇒ Reaction to any macro or Tesla-specific news during this compression (earnings July 23)
TSLA has a habit of explosive moves after consolidation. Keep this one on high alert.
#TSLA #Tesla #technicalanalysis #bullishpennant #tradingview #DisciplineTrading
Not
Update the pennant trendline and still holding, as Tesla moves towards $325 with about a week to earnings.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.